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Real Estate sales tax? Fact or Fiction?

By
Real Estate Broker/Owner with West Group Real Estate

It has been rumored that Congress passed a sales tax on real estate. Here is an article from the Washington Post that you may find interesting:

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/15/AR2010071506964.html

If you are in a position to pay this tax, it seems you have a few years to get your house in order. No pun intended.

This reminds me of a time when a couple of guys were complaining about having to pay income tax. In the not so distant past this meant you were making money.

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